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YG Entertainment stocks fall after B.I's exit due to drug scandal

AKP STAFF
Posted by Germaine-Jay Wednesday, June 12, 2019

YG Entertainment stocks are falling further after B.I's exit from iKON and the label due to his drug scandal.

After Dispatch reported on B.I's alleged attempt to purchase illegal drugs and his apology on June 12, YG Entertainment confirmed he'll be leaving his group and the agency. Since then, YGE stocks dropped 4.05% to 31,950 Won ($27.03 USD) a share.

The label began seeing their stocks fall following the controversies involving Seungri and Yang Hyun Suk this past year. The total dollar market value of YGE's shares also fell from 834.7 billion Won ($705.6 million USD) this past January to 581.4 billion Won ($491.5 million USD) after B.I's news.

  1. iKON
  2. B.I
  3. YG ENTERTAINMENT
122 81,988 Share 86% Upvoted
 
sone_elf
sone_elf48 pts Wednesday, June 12, 2019 37
Wednesday, June 12, 2019

What does Dispatch have against YG? Does anyone know? Because there is no way YG is the only label with artists that do drugs.

35 (+78 / -43)
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Candy_Crush
Candy_Crush2,018 pts Wednesday, June 12, 2019 30
Wednesday, June 12, 2019

T.O.P gets to stay despite actually doing drugs but Hanbin gets kicked out for wanting to do it but not having the guts to? This is unfair ....

What even is happening?

29 (+58 / -29)
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